Avoiding senior accounting officer tax fines

The number of finance directors receiving fines for breaching tax transparency rules under the senior accounting officer (SAO) regime has hit an all-time high, warns Phil Scott, managing director at FD Recruit

The sharp rise in HMRC penalties for non-compliance with the Senior Accounting Officer regime coincides with the government crackdown on tax non-compliance. With record levels of punishments meted out over the last year and the potential for that number to rise again next year, it is important to understand the scope of the SAO regime and remain on the right side of the law.

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